Sai Silks (Kalamandir) Ltd - IPO

Sai Silks (Kalamandir) Ltd IPO Details

Initial public offering of 5,40,99,027^ equity shares of face value of Rs. 2 each (Equity Share) of Sai Silks (Kalamandir) Limited (The Company or the Issuer) for cash at a price of Rs. 222 per equity share including a share premium of Rs. 220 per equity share (the Offer Price) aggregating to Rs. 1201.00^ crores (the Offer). The offer comprised of a fresh issue of 27,027,027^ equity shares by the company aggregating to Rs. 600.00^ crores (the Fresh Issue) and an offer for sale of 27,072,000^ equity shares (the Offered Shares) aggregating to Rs. 601.00^ crores (the Offer for Sale), comprising offer for sale of (a) 6,409,345^ equity shares aggregating to Rs. 142.29^ crores by Nagakanaka Durga Prasad Chalavadi, 7,949,520^ equity shares aggregating to Rs. 176.48^ crores by Jhansi Rani Chalavadi (collectively, the Promoter Selling Shareholders), and (b) 3,083,865^ equity shares aggregating to Rs. 68.46^ crores by Dhanalakshmi Perumalla, 656,295^ equity shares aggregating to Rs. 14.57^ crores by Doodeswara Kanaka Durgarao Chalavadi, 6,346,975^ equity shares aggregating to Rs. 140.90^ crores by Kalyan Srinivas Annam, 2,120,500^ equity shares aggregating to Rs. 47.08^ crores by Subash Chandra Mohan Annam and 505,500^ equity shares aggregating to Rs. 11.22^ crores by Venkata Rajesh Annam (collectively the Promoter Group Selling Shareholders and together with the promoter selling shareholders, the Selling Shareholders) (the Offer for Sale, and Together with the fresh issue, the Offer). The offer constitutes 35.27^% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 2 each. The offer price is 111 times the face value of the equity shares.^Subject to finalisation of basis of allotment.

Objective of issue

Funding capital expenditure towards setting up of 25 new stores. Funding capital expenditure towards setting up 2 warehouses. Funding working capital requirements of the company. Repayment or pre-payment in full or part, of certain borrowings availed by the company. General corporate purposes.

Sai Silks (Kalamandir) Ltd Contact Details

Sai Silks (Kalamandir) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - secretarial@sskl.co.in

Website - www.sskl.co.in